「Buddy」 increased their position with HYPE and opened a long on ETH, with the current total position value of $38.98 million in the long position.

December 4 U.S. initial jobless claims fell to a more than three-year low last week, with no signs of labor market deterioration. The U.S. Labor Department reported Thursday that for the week ended Nov. 29, seasonally adjusted initial state unemployment insurance claims dropped 27,000 to 191,000—hitting the lowest level since September 2022 and below the 220,000 market forecast. This reading covers the Thanksgiving holiday last Thursday, when claims data typically sees sharp fluctuations. Current claims levels match historical low layoff levels, easing fears of a sharp labor market downturn. Earlier Wednesday, the ADP Employment Report showed November private-sector employment posted its biggest drop in more than two and a half years. The highly anticipated November nonfarm payrolls report from the Bureau of Labor Statistics (BLS), originally set for Friday release, has been delayed by a record 43-day government shutdown and is now scheduled for Dec. 16. Economists say the l

On-chain analyst Ai Auntie (@ai_9684xtpa) noted on December 4th that address 0xEb2...038cE has accumulated another $8.92 million worth of ETH after a month of inactivity. Two hours earlier, the address withdrew 2,799 ETH from Binance at a withdrawal price of $3,187.45 per ETH—those funds have since been transferred to 0xEb2...038cE. The address now holds 26,720 ETH, totaling approximately $104 million in value.

On December 4, during the closing of Binance Blockchain Week, Heco said: "CZ is history—I’m the future." Earlier reports noted that Binance had announced its co-founder Heco had officially taken on the role of Co-CEO.

On December 4, a Reuters survey found that among 100 economists, 89 expect the Federal Reserve to cut the federal funds rate by 25 basis points on December 10 to a range of 3.50%-3.75%. Fifty project the Fed will lower the rate to 3.25%-3.50% in Q1 2026. ### Notes on American English conventions used: 1. **Date format**: Uses `Month Day` (no "th" after single-digit days, common in U.S. news) 2. **Conciseness**: Replaced repetitive phrases (e.g., "said the Federal Reserve is expected" → "expect the Federal Reserve to"; "in the first quarter of 2026" → "in Q1 2026") 3. **Terminology**: Used "the Fed" (standard U.S. shorthand for Federal Reserve) to avoid repetition 4. **Flow**: Swapped "out of 100" → "among 100" for natural phrasing, and "cut" → "lower" in the second clause for variety 5. **Punctuation**: Consistent percentage formatting (no spaces between ranges) and clean sentence structure (avoided redundant tags)

On December 4, CZ and economist and cryptocurrency critic Peter Schiff debated "Bitcoin vs. Tokenized Gold" during Binance Blockchain Week. CZ said: "I think gold will perform well, but Bitcoin will perform even better." Peter Schiff stated: "Tokenized gold solves the currency use case problem while retaining gold’s inherent utility and scarcity."

On December 4, the Chicago Fed expects the U.S. unemployment rate to hold roughly steady at 4.4% in November. (Xinhua)